The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024; it is expected to grow at a CAGR of 7.24% from 2018 to 2024.

Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of ageing assets are the other factors that propel the growth of the NDT and inspection market.

"Based on techniques, the market for the eddy-current testing (ECT) technique to witness a high CAGR during the forecast period"

The eddy-current testing technique is expected to grow rapidly during the forecast period from 2018 to 2024. This technique is used to measure or identify the surface and alloy content, subsurface cracks and seams, conductivity, heat treatment variations, crack depth, coating thickness, and permeability. It is widely used in the aerospace and manufacturing verticals, as well as in service environments that inspect safety or quality-related issues. The eddy-current testing approach is used to check surface-breaking cracks on metals and inspect discontinuities in metal tubes.

Training services to grow at the highest CAGR during the forecast period"

Training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of changing demands of the customers is equally essential. The market for training services is expected to grow at the highest CAGR during the forecast period.

"APAC to be the fastest-growing market for non-destructive testing and inspection activities"

Asia Pacific is likely to be the fastest-growing region in the NDT and inspection market owing to the rapid infrastructural development and adoption of automation in manufacturing industries in countries such as India and China. The Make in India campaign promotion by the government, along with the development in the Smart Cities project, provides lucrative opportunities for the players in the NDT and inspection market in India. The market in India is expected to grow at the highest CAGR during the forecast period.

8 Non-Destructive Testing and Inspection Market, By Method
8.1 Introduction
8.2 Visual Inspection
8.2.1 Visual Inspection is the Most Cost-Effective Method for Surface Inspection
8.3 Surface Inspection
8.3.1 Surface Inspection Technique is Deployed to Detect Cracks and Discontinuities on the Surface of the Component.
8.4 Volumetric Inspection
8.4.1 Volumetric Inspection Method to Held the Largest Share of the NDT and Inspection Market in 2018
8.5 Other Methods

The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024; it is expected to grow at a CAGR of 7.24% from 2018 to 2024.

Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of ageing assets are the other factors that propel the growth of the NDT and inspection market.

"Based on techniques, the market for the eddy-current testing (ECT) technique to witness a high CAGR during the forecast period"

The eddy-current testing technique is expected to grow rapidly during the forecast period from 2018 to 2024. This technique is used to measure or identify the surface and alloy content, subsurface cracks and seams, conductivity, heat treatment variations, crack depth, coating thickness, and permeability. It is widely used in the aerospace and manufacturing verticals, as well as in service environments that inspect safety or quality-related issues. The eddy-current testing approach is used to check surface-breaking cracks on metals and inspect discontinuities in metal tubes.

Training services to grow at the highest CAGR during the forecast period"

Training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of changing demands of the customers is equally essential. The market for training services is expected to grow at the highest CAGR during the forecast period.

"APAC to be the fastest-growing market for non-destructive testing and inspection activities"

Asia Pacific is likely to be the fastest-growing region in the NDT and inspection market owing to the rapid infrastructural development and adoption of automation in manufacturing industries in countries such as India and China. The Make in India campaign promotion by the government, along with the development in the Smart Cities project, provides lucrative opportunities for the players in the NDT and inspection market in India. The market in India is expected to grow at the highest CAGR during the forecast period.

8 Non-Destructive Testing and Inspection Market, By Method
8.1 Introduction
8.2 Visual Inspection
8.2.1 Visual Inspection is the Most Cost-Effective Method for Surface Inspection
8.3 Surface Inspection
8.3.1 Surface Inspection Technique is Deployed to Detect Cracks and Discontinuities on the Surface of the Component.
8.4 Volumetric Inspection
8.4.1 Volumetric Inspection Method to Held the Largest Share of the NDT and Inspection Market in 2018
8.5 Other Methods